Forces and Trends Research
Strategic compliance is an organization’s ability to recognize the most important changes in its external environments, fast commitment of resources to new directions of achievement in reaction to changes. In the organizations to thrive nowadays, strategists must enhance the company’s ability to react to industry and market changes.
Companies must recognize the need to continuously to monitor the external environment and adapt their strategy as necessary. Part of the strategic planning process involves monitoring specific trends, which are of interest to a firm (Morrison, 1987). One of the most important factors in the remote environment involves technological changes. In order to evade obsolescence and support advance in an organization, leaders have to be prepared of technological changes in their industry environment.
The most important factors affecting the economy are foreclosures, unemployment, property taxes, and demographics. The economic fluctuates, foreclosures, unemployment, and demographics are increasing; property taxes are due. The real Gross Domestic Product (GDP) is decreasing due to contraction on the public and private expending levels. The contraction on expending levels, leads to employment downsizing and unemployment claims rising up. The government is reviewing a stimulus package to diminish the amount of foreclosures or at least provide a moratorium to help homeowners avoid losing their homes. A fragile economy means for some people an opportunity and for others could represent a threat. A few years ago, steady job growth and strong consumer spending indicated a healthy economy. The rental sector for the commercial and multi-family properties was booming and the owner-investor was extremely happy with the reve ...